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(SHALPAINTS) Shalimar Paints complete technical analysis [charts+indicators] | Buy/Sell Shalimar Paints | (SHALPAINTS) share price targets

Complete technical analysis of Shalimar Paints (SHALPAINTS) by charts plus indicators, forecast predictions and share price targets for Shalimar Paints (SHALPAINTS)

Shalimar Paints trades in NSE in Furniture-Furnishing-Paints sector.

Showing technical analysis as on 2024-03-04 View latest technical analysis

10 day averaged volume of Shalimar Paints is 394935

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	193.65	176.65	199.80	176.25	4.152 times
02 Sat Mar 2024	178.05	174.00	180.85	172.35	0.317 times
01 Fri Mar 2024	172.25	173.50	178.00	169.65	0.922 times
29 Thu Feb 2024	173.45	172.95	178.05	169.35	1.302 times
28 Wed Feb 2024	173.00	180.90	182.35	165.00	1.867 times
27 Tue Feb 2024	180.35	195.45	195.45	178.85	1.812 times
26 Mon Feb 2024	194.90	195.60	198.00	190.80	0.839 times
23 Fri Feb 2024	195.60	197.75	198.00	192.75	0.973 times
22 Thu Feb 2024	196.75	196.00	199.30	195.10	0.694 times
21 Wed Feb 2024	196.85	197.55	198.50	195.35	0.54 times

Stock of Shalimar Paints (SHALPAINTS) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, and stock might move up till 201.8 or till 213.7. Use a stoploss of 191.86 and if this stock hits its stoploss, then it can fall down till 181.94

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	165.00
Downside Target	169.25
Downside Target	176.25
Downside Target	184.30
Downside Target	192.75
Upside Target	198.00
Upside Target	199.80
Upside Target	200.00
Upside Target	200.80
Upside Target	210.15
Upside Target	214.25
Upside Target	224.15

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	180
Downside Intraday Target	166.35
Upside Intraday Target	203.55
Upside Intraday Target	213.45
Downside Intraday Target	189.9

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	193.65	176.65	199.80	176.25	0.588 times
02 Sat Mar 2024	178.05	195.60	198.00	165.00	1.895 times
23 Fri Feb 2024	195.60	198.00	200.00	192.75	0.784 times
16 Fri Feb 2024	196.50	198.70	200.80	193.10	0.587 times
09 Fri Feb 2024	199.95	194.50	210.15	186.95	1.872 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	193.65	173.50	199.80	169.65	0.22 times
29 Thu Feb 2024	173.45	201.90	210.15	165.00	0.515 times
31 Wed Jan 2024	200.80	177.70	224.15	177.00	0.621 times
29 Fri Dec 2023	177.70	171.15	214.25	169.25	8.939 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Shalimar Paints (SHALPAINTS)

Price action analysis of Shalimar Paints ( (SHALPAINTS) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Shalimar Paints ( (SHALPAINTS) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Shalimar Paints ( (SHALPAINTS) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Shalimar Paints ( (SHALPAINTS) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Shalimar Paints stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Shalimar Paints in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Shalimar Paints Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Shalimar Paints in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Shalimar Paints is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 185.69 and Shalimar Paints (SHALPAINTS) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Shalimar Paints (SHALPAINTS) stock. Volume based technical analysis of Shalimar Paints (SHALPAINTS) stock is negative.

Shalimar Paints Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.